small stoploss and huge targets. again with government showing less involvement in insurance sector and further allowance of FDI might trigger a good move. technically the stock is at trendline resistance, once broken it should follow the marked targets.
Add "New India Assurance Company Ltd" | NSE: NIACL to your watchlist. Good, Investment Opportunity if breaks the upper resistance as shown in the image.
It is forming an inverse head and shoulder pattern.
Disclaimer: This is for educational purposes only. I am not a SEBI registered advisor. Please consult your advisor before investing.
Happy Trading and Investing :)
Market is bleeding (-0.5%), yet our stocks are fighting hard to push our portfolio Green & Greener.
Hope your guys are enjoying such ride (SPENCER also up by 3%... Brace yourself for a turn around here).
We will recover all the trading losses of Retail Traders, but just say no to trading & trust the path of value investing especially in Bull Market..! :-)
Chart: Trendline resistance breakout with rev (H&S)
RSI: 62 (Bullish)
MACD above signal and center(Bullish)
Price above all SMA(Bullish)
Buy NIACL at CMP for 275 levels. Chart is self-expalantory.
I have been putting out messages to buy this,
If you have still not decided then It might be your last chance! :D
the 100% return train is about to leave the stations.
~Show some love in likes & comments, if my analysis are turning your portfolio GREEN..! :)
Happy Investing >> on to >>> 100% returns soon! :)
P.S. - Invested.
I will go LONG on NIACL because:
The price is taking support at trend line.
It has touched the support trend line again .
So will look at buying opportunities.
If it falls below the support trend line then short it.
Entry - 113
First Target - 121
Second target - 135
Stop loss - 105